Spot rates to Europe have risen above their January peaks with momentum continuing to be strong given the current tight space situation with further rate hikes expected in the coming weeks. Week 22 saw just 6 out of 11 Asia-North Europe sailings depart on schedule the congestion at Singapore and Tanjung Pelepas has severely disrupted the market. Overall capacity utilization remains very high while forward capacity forecasts for June with continued delays arising from congestion, which will redu